Civitas Solutions (Civitas Solutions) Days Payable : 8.97 (As of Dec. 2018)

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What is Civitas Solutions Days Payable?

Civitas Solutions's average Accounts Payable for the three months ended in Dec. 2018 was $32 Mil. Civitas Solutions's Cost of Goods Sold for the three months ended in Dec. 2018 was $322 Mil. Hence, Civitas Solutions's Days Payable for the three months ended in Dec. 2018 was 8.97.

The historical rank and industry rank for Civitas Solutions's Days Payable or its related term are showing as below:

CIVI's Days Payable is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 61.58
* Ranked among companies with meaningful Days Payable only.

Civitas Solutions's Days Payable declined from Dec. 2017 (10.23) to Dec. 2018 (8.97). It may suggest that Civitas Solutions accelerated paying its suppliers.

Civitas Solutions Days Payable Historical Data

The historical data trend for Civitas Solutions's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Civitas Solutions Days Payable Chart

Civitas Solutions Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Days Payable

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9.08

8.31

9.70

10.60

10.54

Civitas Solutions Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Payable	Get a 7-Day Free Trial															10.23	10.02	9.83	10.00	8.97

Competitive Comparison of Civitas Solutions's Days Payable

For the Medical Care Facilities subindustry, Civitas Solutions's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Civitas Solutions's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Civitas Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Civitas Solutions's Days Payable falls into.

Civitas Solutions Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Civitas Solutions's Days Payable for the fiscal year that ended in Sep. 2018 is calculated as

	Days Payable (A: Sep. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2017 )	+	Accounts Payable (A: Sep. 2018 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2018 )	*	Days in Period
=	( (35.275	+	38.669)	/	2 )	/	1280.608	*	365
=	36.972					/	1280.608	*	365
=	10.54

Civitas Solutions's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

	Days Payable (Q: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2018 )	+	Accounts Payable (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (38.669	+	24.683)	/	2 )	/	322.352	*	365 / 4
=	31.676					/	322.352	*	365 / 4
=	8.97

Civitas Solutions Days Payable Related Terms

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Civitas Solutions (Civitas Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Civitas Solutions Inc (NYSE:CIVI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

313 Congress Street, 6th Floor, Boston, MA, USA, 02210

Website

http://www.civitas-solutions.com

Civitas Solutions Inc provides health services to people with intellectual, developmental, physical, or behavioral disabilities and other special needs. Its revenue is generated exclusively in the United States. Civitas operates in two segments: human services and post-acute specialty rehabilitation services, or SRS. The human services segment contributes the vast majority of revenue and provides services to people with disabilities, at-risk youth, and the elderly. Its programs for people with intellectual or developmental disabilities provide residential support, case management, and vocational services. The SRS segment provides rehabilitation and transitional living services to people who have experienced brain or spinal injuries or other severe illnesses or injuries.

Executives

Daniel S Oconnell	10 percent owner	C/O VESTAR CAPITAL PARTNERS, 245 PARK AVE 41ST FL, NEW YORK NY 10167
Vestar Managers V Ltd.	10 percent owner	245 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10167
Vestar Associates V, L.p.	10 percent owner	245 PARK AVENUE, 41ST FLOOR, NEW YORK NY 10167
Greg Roth	director	ONE PARK PLAZA, NASHVILLE TN 37203
Pamela F Lenehan	director	C/O AVID TECHNOLOGY, INC., ONE PARK WEST, TEWKSBURY MA 01876
Patrick M. Gray	director	C/O CIVITAS SOLUTIONS, INC. 313 CONGRESS STREET, 6TH FLOOR BOSTON MA 02210
Guy P Sansone	director	C/O MEDNAX, 1301 CONCORD TERRACE, SUNRISE FL 33323
Mary Ann Tocio	director	C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Vestar Capital Partners V L P	10 percent owner	245 PARK AVE 41ST FL, NEW YORK NY 10167
Robert L. Rosner	director	C/O TRITON INTERNATIONAL LIMITED, 100 MANHATTANVILLE ROAD, PURCHASE NY 10577
Edward M Murphy	director, officer: Executive Chair	C/O CIVITAS SOLUTIONS, INC. 313 CONGRESS STREET, 6TH FLOOR BOSTON MA 02210
Kevin A Mundt	director	C/O VESTAR CAPITAL PARTNERS, 245 PARK AVENUE, 41ST FL, NEW YORK NY 10167